US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along.

"He's a wheeler-dealer, our president, needless to say, and he's kind of cutting these deals — but he has scared these people, and he's leveraged American bargaining power."

The Japanese government, not companies, is poised to back U.S. infrastructure projects of the president’s choosing.